Crypto Market Trends in 2020

Cryptocurrency market was generally bouyant coming into year 2020, gradually defrosting from the crypto winter of 2018–2019.

However, March saw the fastest and deepest all asset classes selloff in history, caused by a huge risk-off sentiment caused by the panic due to the spread of the Covid19 virus worldwide. All asset classes saw drastic selloff as investors dumped everything possible, leading to margin selloffs to further exacerbate the drop in markets . The cryptocurrency market was not spared from the contagion either as fear and uncertainty led to indiscriminate selling of…